Prime Minister Narendra Modi and New Zealand PM Christopher Luxon on Monday announced a landmark Free Trade Agreement between the two Nations.
Prime Minister Narendra Modi and New Zealand PM Christopher Luxon on Monday announced a landmark Free Trade Agreement between the two Nations. The New Zealand premiertook to X to confirm the news. “I’ve just spoken with India’s Prime Minister Narendra Modi following the conclusion of the NZ-India Free Trade Agreement,” he said on his official account.
“The FTA reduces or removes tariffs on 95% of our exports to India. It’s forecast that NZ exports to India could increase from $1.1B to $1.3B per year over the coming two decades,” he added.
I’ve just spoken with India’s Prime Minister Narendra Modi following the conclusion of the NZ-India Free Trade Agreement.
The FTA reduces or removes tariffs on 95% of our exports to India. It’s forecast that NZ exports to India could increase $1.1B to $1.3B per year over the… pic.twitter.com/FEat7BQWOI
— Christopher Luxon (@chrisluxonmp) December 22, 2025
The New Zealand PM noted that “the agreement builds on the strong friendship between our two countries. India is one of the fastest-growing economies in the world, and this gives Kiwi businesses access to 1.4 billion Indian consumers.”
The talks between the two nations started on March 16, 2025, and it is seen as the fastest trade agreement that India has inked with a developed country.
In a separate statement, the Modi government further said that the “FTA concludes the year on a high note for all Indian exports, including textiles, pharmaceuticals, leather, engineering goods, and agricultural products.”
During their meeting, the leaders expressed confidence that the agreement would help double bilateral trade over the next five years and facilitate an investment of USD 20 billion from New Zealand into India over the next 15 years.
In the statements, both leaders underscored that the agreement is poised to catalyse greater trade, investment, innovation, and shared opportunities, benefiting citizens and businesses in both nations. The FTA in question would reduce or remove tariffs on 95 per cent of our exports to India.
This is a developing story.
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